Qsemble Capital Management LP Purchases New Shares in Rambus Inc. (NASDAQ:RMBS)

Qsemble Capital Management LP acquired a new stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 74,910 shares of the semiconductor company's stock, valued at approximately $3,163,000. Qsemble Capital Management LP owned approximately 0.07% of Rambus at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Swedbank AB purchased a new position in Rambus in the 1st quarter worth approximately $61,377,000. Assenagon Asset Management S.A. increased its stake in Rambus by 339.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,266,780 shares of the semiconductor company's stock worth $53,483,000 after purchasing an additional 978,417 shares during the period. AQR Capital Management LLC increased its stake in Rambus by 559.7% in the 2nd quarter. AQR Capital Management LLC now owns 572,930 shares of the semiconductor company's stock worth $33,133,000 after purchasing an additional 486,078 shares during the period. American Century Companies Inc. increased its stake in Rambus by 63.8% in the 2nd quarter. American Century Companies Inc. now owns 1,053,377 shares of the semiconductor company's stock worth $61,897,000 after purchasing an additional 410,332 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Rambus by 32.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company's stock worth $61,765,000 after purchasing an additional 357,160 shares during the period. 88.54% of the stock is owned by hedge funds and other institutional investors.

Rambus Stock Performance

Shares of NASDAQ RMBS traded up $0.88 during mid-day trading on Tuesday, hitting $57.77. 1,034,778 shares of the stock traded hands, compared to its average volume of 1,531,715. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $76.38. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 35.88 and a beta of 1.17. The stock has a fifty day moving average price of $46.41 and a 200-day moving average price of $50.32.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird assumed coverage on Rambus in a research note on Monday. They issued an "outperform" rating and a $90.00 price target on the stock. Loop Capital initiated coverage on Rambus in a research report on Monday, November 11th. They issued a "buy" rating and a $70.00 price objective on the stock. Wells Fargo & Company initiated coverage on Rambus in a research report on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 price objective on the stock. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 price objective on shares of Rambus in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $74.67.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.